Today's Finance Pulse
SpaceX’s record‑breaking IPO targets $75 billion raise, pushes valuation past $1.7 trillion
SpaceX filed for an IPO that could raise at least $50 billion and value the company above $1 trillion. The June 12 offering priced shares at $135, raising $75 billion and valuing the rocket maker at roughly $1.77 trillion. Analysts say the float highlights strong investor appetite for AI‑linked aerospace assets.
Also developing:
Trump Media Posts $405.9 Million Q1 Loss Tied to Crypto Holdings
Trump Media & Technology Group posted a $405.9 million net loss for Q1 2026, largely from unrealized crypto losses. The company still generated $17.9 million of operating cash flow and holds $2.1 billion in financial assets, three times its level a year earlier.
Telos Corp (TLS) Q1 2026 Earnings Call Transcript
Telos Corp reported Q1 2026 revenue of $47.7 million, a 56% year‑over‑year increase that topped its $44‑$45 million guidance. GAAP gross margin rose to 36.4% and cash gross margin to 42.3%, while adjusted EBITDA surged to $7.9 million, delivering a 16.5% margin. Operating...
Ffbw Inc (FFBW) Q1 2026 Earnings Call Transcript
First Financial Bancorp (FFBW) reported adjusted earnings of $0.77 per share, a 22% year‑over‑year increase, driven by a resilient net interest margin of 3.99% and a 24% jump in non‑interest income. Loan balances grew modestly by $71 million, largely reflecting the...
Sally Beauty Holdings Inc (SBH) Q2 2026 Earnings Call Transcript
Sally Beauty reported Q2 2026 revenue of $943 million, a modest 0.6% rise helped by a 90‑basis‑point foreign‑currency boost. Adjusted diluted EPS climbed 12% to $0.48, surpassing the company’s guidance, while consolidated gross margin improved to 51.3% driven by higher...
Certara Inc (CERT) Q1 2026 Earnings Call Transcript
Certara reported a record Q1 2021 with revenue of $66.7 million, up 16% year‑over‑year, and adjusted EBITDA rising 20% to $23.9 million. Bookings surged 34% YoY, driven by strong demand for both software and services, while services bookings jumped 39%. The company...
Priority Technology Holdings Inc (PRTH) Q1 2026 Earnings Call Transcript
Priority Technology Holdings reported an 8% rise in net revenue, reaching roughly $1.0 billion for fiscal 2025 and projecting 6‑9% top‑line growth in 2026. Adjusted EBITDA climbed 10% to $225.2 million, with Q4 adjusted EBITDA up 16% to $60.1 million, while adjusted EPS...
Hong Kong Bad-Debt Bankers Ramp Up Fire Sales, Liquidations
Hong Kong’s special‑asset bankers, a team of fewer than 200 staff, are tasked with disposing of a HK$200 billion ($25.5 billion) pool of non‑performing loans that has driven the city’s distressed‑loan ratio to a two‑decade high. The group has shifted from collaborative...
Mosaic Co (MOS) Q1 2026 Earnings Call Transcript
The Mosaic Company reported resilient North American sales despite industry‑wide declines and set a 2026 phosphate production target of at least 7 million tons. Cost‑saving initiatives delivered $150 million in 2025, with an additional $100 million planned for this year, while sulfur price...
SCI-In-Focus:-Morocco-Quietly-Emerges-as-Africa's-Synthetic-Securitisation-Pioneer
Morocco is quietly positioning itself as Africa’s first synthetic securitisation hub, rolling out privately funded transactions that recycle bank credit risk. The initiative, highlighted by Capital Relief Trades, leverages synthetic risk‑transfer (SRT) structures to free up capital for lenders. Early...
FS KKR Capital Corp (FSK) Q1 2026 Earnings Call Transcript
FS KKR Capital Corp (FSK) closed a $2.1 billion revolving credit facility, the largest ever for a BDC, and completed its merger with Corporate Capital Trust, creating a $7.4 billion diversified portfolio of 204 companies. The firm launched a $200 million share repurchase...
Seadrill Ltd (SDRL) Q1 2026 Earnings Call Transcript
Seadrill reported Q1 2020 results with adjusted EBITDA of $55 million and a 17% margin, while cash on hand stood at $1.2 billion. The company added $77 million to its backlog, reaching $2.5 billion, but recorded a $1.2 billion impairment on semi‑submersible rigs due to...
Fox Corp (FOXA) Q3 2026 Earnings Call Transcript
Fox Corp posted $5.18 billion in total revenue for Q3 2026, a modest 2% increase driven by gains in both advertising and distribution. Adjusted EBITDA fell to $692 million as higher digital and sports expenses offset lower entertainment costs, while net income dropped...
Hain Celestial Group Inc (HAIN) Q3 2026 Earnings Call Transcript
The Hain Celestial Group announced the sale of its North American snacks business to Snackrupters for $115 million in cash, earmarking the proceeds for debt reduction. The divestiture removes roughly 22% of FY 2025 net sales and a negligible EBITDA contribution, allowing...
Apogee Therapeutics Inc (APGE) Q1 2026 Earnings Call Transcript
Apogee Therapeutics reported Q1 2026 net sales of $346.6 million, a 4.6% increase driven largely by a $22 million contribution from the UW Solutions acquisition. Adjusted EBITDA margin slipped to 9.9% as higher aluminum costs and tariff expenses weighed on Metals and...
Emerald Holding Inc (EEX) Q1 2026 Earnings Call Transcript
Emerald Holding reported a 13.3% year‑to‑date revenue increase to $330.7 million and a 32.4% jump in adjusted EBITDA to $90.8 million, driven largely by recent acquisitions. Third‑quarter revenue rose to $77.5 million, but organic revenue slipped 6.8% because construction at the Las Vegas Convention...
Exagen Inc (XGN) Q1 2026 Earnings Call Transcript
Exagen reported Q1 2022 revenue of $10.4 million, driven by a record 30,903 AVISE CTD/Lupus tests and 2,175 ordering providers. The company secured a new Medicare PLA code (0312U) for AVISE Lupus, boosting reimbursement from $295 to $1,085 per test. Gross...
Homegrown FinOps Tools: How AI “Build” Beat “Buy” For Us in <1 Year
Amplitude launched its FinOps organization in April 2025 and, instead of purchasing a commercial platform, built an internal solution powered by AI coding assistants. The team used Amazon Redshift for a unified billing data lake and created three Slack‑based AI...
Why Indian Companies Don’t Want to Invest in India
India’s private sector is hoarding cash and avoiding domestic capital spending despite strong profit growth. Over the past decade, corporate capex fell from over 40% of GDP to about a third, prompting the government to intervene with tax cuts and...
When Business Thrives, Choose Investment over Profit Harvesting
“When your business is behaving like this, we believe the right response is not to harvest — it is to invest.” Mercado Libre Q1 2026 Shareholder Letter
Semiconductor Giants Reveal Undervalued Growth: PEGs Below 1
SEMICONDUCTOR STOCKS BY PEG RATIO PEG 2 starts to push into the danger zone Here’s how they stack up: • $INTC ~2.8x • $LRCX ~2.0x • $KLAC ~2.0x • $AMAT ~2.0x • $ASML ~1.7x • $ALAB ~1.6x • $ARM ~1.5x • $ANET ~1.5x • $LITE ~1.3x • $TSM ~1.1x • $CRDO ~1.0x •...
Victoria’s Budget Fantasy Collides with Fiscal Reality
Victoria’s Labor government released a pre‑election budget that projects a steady decline in debt as a share of the economy beginning in 2026‑27, with net debt purportedly lower each year than in the previous budget update. Treasurer Jaclyn Symes highlighted...
Japanese Life Insurers Are Managing Mark-to-Market Losses on Bonds While Showcasing Earnings Resilience
Japanese life insurers are grappling with steep mark‑to‑market losses as Japanese government bond yields climb to multidecade highs. Domestic accounting standards, however, shield them from immediate profit erosion, a protection not afforded to U.S. peers. To mitigate capital strain, insurers...
Tigress Financial Partners Initiates Coverage of Oklo (OKLO) Stock
On April 27, Tigress Financial Partners began coverage of Oklo Inc. (NYSE:OKLO) with a Buy recommendation and a $130 price objective. The firm highlighted Oklo’s Aurora small modular reactor, which uses liquid sodium cooling and fast neutrons to boost fuel...
Western Midstream to Acquire Brazos Delaware Assets for $1.6 Billion
Western Midstream Partners LP agreed to buy Brazos Delaware II LLC for roughly $1.6 billion, splitting the price between $800 million in cash and $800 million in stock. The deal, slated to close late Q2, expands Western’s Delaware Basin footprint by 49% and...
Bard Associates Sells $7.7 Million of Willdan Shares, Cutting Stake Below 0.004%
Bard Associates reduced its Willdan Group position by 73,167 shares, cashing out roughly $7.74 million in the first quarter, according to a May 7 SEC filing. The divestiture shrank the fund’s stake to less than 0.004% of its reportable U.S. equity assets,...
Sherritt International Halts Cuban Nickel Production Amid U.S. Sanctions
Sherritt International Corp announced the shutdown of its nickel mining, refining and power‑generation operations in Cuba after U.S. sanctions, sending its Toronto‑listed shares tumbling 42% on the news and leaving Cuba without a key source of hard currency and electricity.
SkyWater Shareholders Approve IonQ Merger, Linking US Foundry to Quantum Leader
SkyWater Technology shareholders approved the merger with IonQ, the leading quantum‑computing company, at a special meeting. The transaction, pending regulatory clearance, is slated to close in the second or third quarter of 2026 and will combine the largest U.S. pure‑play...
Grant Thornton Unveils GTAP, an AI‑Powered Audit Platform
Grant Thornton announced the launch of GTAP, a proprietary cloud‑based audit infrastructure that embeds AI, analytics and automation throughout the audit lifecycle. The platform will first be used for private‑company audits in the U.S., with a public‑company rollout slated for...
Freightos Names CFO Pablo Pinillos CEO, Flags Q1 Transaction Miss and Workforce Cut
Freightos announced CFO Pablo Pinillos as its new chief executive, disclosed that Q1 2026 transactions rose 15% YoY to 425,000 but missed internal forecasts, and unveiled a cost‑optimization program that includes a workforce reduction. The moves aim to sharpen execution...
Bank of America Flags Upside in Apple, Caterpillar and Others After Earnings Beat
Bank of America’s latest earnings report included a research note that identified several large‑cap stocks with significant upside. Analysts lifted price targets for Apple, Caterpillar and Baker Hughes, underscoring a bullish stance that could lift the broader market.
Botswana Governor Calls for Deepening African Capital Markets at IMF/World Bank Spring Meetings
Botswana’s central bank governor, Lesego Moseki, used the IMF and World Bank’s 2026 Spring meetings in Washington to champion deeper domestic capital markets as a catalyst for African growth. He chaired the IMF’s Africa Group 1 Constituency of 14 nations and...
Big Tech’s AI Spending Is Depriving Investors of Juicy Payouts
Goldman Sachs projects S&P 500 share buybacks will rise only 3% in 2026 as big‑tech AI spending surges. The five AI hyperscalers—Amazon, Alphabet, Meta, Microsoft and Oracle—are slated to spend $755 billion on capital expenditures, an 83% year‑over‑year increase. To fund the...
Monday Briefing: The Victorian, NT, & WA Budgets
Victoria, the Northern Territory and Western Australia each unveiled their state budgets last week, drawing modest attention compared with the looming federal budget. The state treasurers—Jaclyn Symes, Bill Yan and Rita Saffioti—outlined spending priorities aimed at easing cost‑of‑living pressures and...
Renewable Stocks Surge 71% as Iran Conflict Drives €2.6bn Inflows, Outpacing Fossil Fuels
European renewable‑energy equities have outperformed fossil‑fuel stocks since the Iran war began, with Nordex up 71% and Ørsted up 40%. Investors poured €2.6bn ($2.8bn) into clean‑energy index funds in April, the biggest monthly inflow since 2021, shifting market momentum toward...
POWI Posts 3% Q1 Revenue Rise, Cites Renewable Demand and $18M Free Cash
Power integrator POWI announced Q1 2026 revenue of $108.3 million, a 3% year‑over‑year increase and a 5% sequential gain. CFO Nancy Erba highlighted strong industrial and renewable‑energy orders, a $18 million free‑cash‑flow surplus, and a capital‑expenditure plan that leans heavily into the...
Warner Music Group Posts $1.73B Q2 Revenue, Citing Streaming Surge and AI Push
Warner Music Group reported $1.73 billion in second‑quarter revenue, up 12% year‑over‑year, with streaming revenue climbing 15% and AI projects entering the spotlight. Executives said the results validate the company’s transformation strategy and set the stage for further catalog acquisitions.
Bank Indonesia Launches Large‑Scale FX Intervention as Rupiah Hits Record Low
Bank Indonesia said it will conduct large‑scale, 24‑hour foreign‑exchange interventions in both domestic and offshore markets to stabilise the rupiah, which hit a record low of 17,445 per US dollar. The central bank also lowered the documentation threshold for dollar...
RBC Raises S&P 500 Year‑End Target to 7,900 Amid AI‑Driven Rally
RBC Capital Markets lifted its 12‑month S&P 500 target to 7,900 from 7,750, reflecting confidence that AI‑related earnings will sustain the rally. The firm trimmed non‑AI earnings expectations by 7.5% while keeping AI forecasts near consensus, underscoring a “two‑speed” market...
RadNet Reports Record First Quarter Financial Results and Revises Upwards 2026 Imaging Center Financial Guidance Ranges for Revenue, Adjusted EBITDA...
RadNet posted a record first‑quarter 2026, with total revenue climbing 22.1% to $575.6 million and adjusted EBITDA up 36.3% to $63.3 million. The Digital Health segment saw ARR nearly double to $96.9 million and revenue surge 51.5% to $29.1 million, while advanced‑imaging volumes rose...
Tesla, SpaceX and Intel Commit $55B to Terafab Fab Targeting Robotics AI Chips
Tesla, SpaceX and Intel have announced a $55 billion first‑phase investment in a joint semiconductor fab, Terafab, designed to produce 2‑nanometer AI chips for autonomous vehicles, humanoid robots and AI data centers. The venture, which could swell to $119 billion across all...
Vertex Secures German Reimbursement Deal for CASGEVY Gene Therapy
Vertex Pharmaceuticals has clinched a national reimbursement agreement with Germany’s GKV‑Spitzenverband for its CASGEVY gene therapy targeting sickle cell disease and beta‑thalassemia. The deal adds Germany to a growing list of markets where the therapy is covered, bolstering Vertex’s goal...
Higher Pay, Shorter Tenure: The CFO Tradeoff
CFO compensation has surged 62% since 2019, while the average tenure in the role has slipped to just 2.1 years. Companies are becoming increasingly selective, seeking finance leaders with niche expertise and are willing to pay a premium for them....
Start Slow, Find Fit, Then Accelerate Acquisitions
When you study the serial acquirers model and those who’ve invested in this model for decades, you see that companies that completed 1-2 acquisitions per year in the early years tended to outperform those that pursued a faster pace, such...
1185: Scaling Smarter in the AI Era | Sarah Riley, CFO, Dbt Labs
In this episode, CFO Sarah Riley discusses how modern software companies, especially data infrastructure firms like dbt Labs, are scaling in the AI era by leveraging trusted enterprise data and rapid, data‑driven decision making. She shares insights from her finance...
Microsoft's CapEx Now Mirrors Heavy‑Industry Spending Levels
Microsoft having capital expenditures equal to 37% of its revenues would have been unthinkable a decade ago. This is supposed to be a software company, but these are numbers you see for an industrial company, or an oil & gas...
Alex Sidorenko Review of the New COSO ERM Guidance 2026
Alex Sidorenko hails the new COSO ERM Guidance 2026 as the most valuable COSO publication in years, noting its decision‑led framing and ten operating disciplines that prioritize decisions over paperwork, link strategy to risk, and treat value creation as a...
Apollo CEO Flags 35% Chance of AI‑Driven Market Shock, Urges Wealth Managers to Brace
Apollo Global Management’s chief warned that AI‑driven upheaval now carries a 35% probability of triggering a major market shock. The warning, issued within the past 24 hours, is prompting wealth‑management firms to revisit risk models and client‑portfolio strategies.
Investors Pour $24 B Into Senior Housing as Rent Spikes to $5,479/Month
Institutional capital is driving a $24 billion surge in senior‑housing deals, pushing cap rates to 6.2% and rents up 28.8% to $5,479. Yet analysts warn that middle‑income baby boomers may be priced out of the market.
Bain Capital Provides $225 Million Credit Facility to Kids2
Bain Capital’s Private Credit Group acted as sole lender and administrative agent for a $225 million senior credit facility to Kids2, the Atlanta‑based infant‑product platform. The financing is earmarked for continued growth, category expansion and deeper global reach, highlighting private‑credit’s role...
Greg Abel Halts Berkshire's 13‑Quarter Buying Streak, Signals New Capital Strategy
Greg Abel, Berkshire Hathaway's new CEO, oversaw a $8.1 bn net stock sale in Q1 2026, ending a 13‑quarter streak of net equity purchases. The move comes as the conglomerate’s cash pile swelled to $397 bn and its Japanese trading‑house stakes topped...